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Jan, 12 2016

Starbucks aims to open 500 new stores in 2016 in China

The company said in a statement it aims to create 10,000 jobs in China every year through 2019.

Starbucks Corp, the world's largest coffee chain, said it aims to open 500 stores in China this year, shrugging off a slowdown in the world's second-largest economy that has hit global retailers, reported Reuters.

Starbucks executives have said they have not seen a systemic slowdown in China, even as the country's cooling economy has been blamed for soft results by the likes of KFC and Pizza Hut parent Yum Brands.

The company said in a statement it aims to create 10,000 jobs in China every year through 2019 as it continues to expand in its largest market outside the United States.

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